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HomeTechETtech Deals Digest: Licious, Multiplier, Ekincare raise funds

ETtech Deals Digest: Licious, Multiplier, Ekincare raise funds


Direct-to-consumer fresh meat and sea food brand Licious, business-to-business (B2B) enterprise employment platform Multiplier, and Health benefits startup Ekincare were among the startups that raised funds this week.


Licious raises $150 million in funding led by Amansa Capital

Direct-to-consumer fresh meat and sea food brand Licious
raised $150 million from investors led by Singapore-based Amansa Capital. Kotak PE and Axis Growth Avenues AIF-I are also among the backers in the Series F2 round.

The company will use the funding to fuel its inorganic growth ambitions, expand globally and add more tier II and tier III cities in India to its network, Vivek Gupta, co-founder and CEO, Licious, told ET.

This funding round comes six months after the company raised $52 million led by IIFL’s Late Stage Tech Fund and Avendus, taking the company to the Unicorn club with a post-money valuation of $1.05 billion. In July 2021, it had raised $192 million in its Series F funding Round, led by Temasek and Multiples Alternatives.

The company counts funds such as Brunei Investment Agency, 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund, and Vertex Ventures Southeast Asia and India among its other investors.

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Multiplier raises $60 million funding led by Tiger Global, Sequoia Capital India

Multiplier, a business-to-business (B2B) enterprise employment platform,
raised $60 million in a funding round co-led by Tiger Global and Sequoia Capital India.

The firm, which helps companies employ and pay talent anywhere in the world, will use the funds to expand its global infrastructure and add new capabilities, and for hiring.

The round also saw participation from DST Global Partners, the company said in a release. The latest investment brings Multiplier’s total funding to $77.2 million, and its valuation to $400 million.

The new round comes three months after the company raised funds led by Sequoia Capital India.

Ekincare raises $15 million in funding

Health benefits startup Ekincare
raised $15 million in a Series B funding round led by HealthQuad and Sabre Partners, a senior company official told ET. Existing investors Ventureast, Eight Roads Ventures, Siana Capital and Endiya Partners also participated in the latest round of capital raising.

The company will use the funds to help accelerate growth through marketing and branding and add products.

The new fund raise, entirely primary, will help the company introduce and experiment with new products such as health financing, lasik surgery or infertility treatment financing.

Curelink raises $3.5 million in funding

Curelink, a health-tech platform that connects doctors to patients via Whatsapp,
raised $3.5 million in Seed funding led by Elevation Capital and Venture Highway.

The fresh funds will be used to ramp up hiring across functions such as product, growth and wellness professionals and for geographical expansion and diversification of services across different medical specialisations such as dermatology, paediatrics and psychiatry, the company said.

The round also saw participation from Digital Sparrow Capital and angels such as Vijay Shekhar Sharma (Paytm), Ankush Sachdeva and Farid Ahsan (Sharechat), Gaurav Agarwal, Prashant Tandon (Tata 1mg), Rajat K. Dhawan (McKinsey), Rohit M.A. (Cloudnine), Ritesh Malik (Innov8) and Harsh Mahajan (Mahajan Imaging) among others.

Cosmofeed raises $1.5 million in funding

Cosmofeed, a content monetization and consumption platform,
raised $1.5 million in seed funding.

The round was co-led by growx ventures, Waveform Ventures, & 9 Unicorns with participation from Singapore-based investment holding company Silk Bridge Partners (SBP). Swati Mohan (CBO – Heads Up For Tails, former CMO – Netflix India), Rannvijay Singha (actor, influencer) and Subhadip Nandy (trader, financial educator) also participated in the round.

The funding will allow Cosmofeed to extend its network to a wider audience of relevant end-users and ramp up its team and hire people for product and engineering.



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